IPG PhotonicsIPGP -7.99%80 Cyclically Adjusted PS Ratio is 3.55 as of Jul. 05, 2026, which is 53% below its 10-year median of 7.61. GuruFocus rates IPGP with a GF Score™ of 80/100 and a GF Value™ of $85.12 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 732 Semiconductors companies, IPG Photonics ranks worse than 50.55% on this metric.
The historical rank and industry rank for IPG Photonics's Cyclically Adjusted PS Ratio or its related term are showing as below:
IPGP'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.82 Med: 7.61 Max: 20.16
Current: 3.55
During the past years, IPG Photonics's highest Cyclically Adjusted PS Ratio was 20.16. The lowest was 1.82. And the median was 7.61.
IPGP's Cyclically Adjusted PS Ratio is ranked worse than 50.55% of 732
companies
in the Semiconductors industry
Industry Median: 3.525
vs IPGP: 3.55
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
IPG Photonics's adjusted revenue per share data for the three months ended in Mar. 2026 was $6.187. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $29.68 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
IPG Photonics (NAS:IPGP) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
IPG Photonics Cyclically Adjusted PS Ratio Related Terms
IPG Photonics Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for IPG Photonics's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IPGP vs AXTI, VECO, ACLS: Cyclically Adjusted PS Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, IPG Photonics's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IPG Photonics Cyclically Adjusted PS Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, IPG Photonics's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where IPG Photonics's Cyclically Adjusted PS Ratio falls into.
IPG Photonics Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
IPG Photonics's Cyclically Adjusted PS Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 3.55 mean?
IPG Photonics (IPGP) has a Cyclically Adjusted PS Ratio of 3.55 as of Jul. 05, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on IPG Photonics and its competitors. This is 53% below median its historical median of 7.61. Over the past decade, IPG Photonics' Cyclically Adjusted PS Ratio has ranged from 1.82 to 20.16. According to the industry distribution chart, IPG Photonics ranks #370 out of 732 companies in the Semiconductors industry, placing it in the top 50.5%.
Is IPG Photonics' Cyclically Adjusted PS Ratio too high?
IPG Photonics' current Cyclically Adjusted PS Ratio of 3.55 is 53% below median its 10-year median of 7.61. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 20.16. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.53. IPG Photonics' value of 3.55 is 0.7% above this industry median. Based on the distribution chart, IPG Photonics ranks #370 out of 732 companies in the Semiconductors industry, which is below the industry midpoint. Overall, IPG Photonics has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IPG Photonics' Cyclically Adjusted PS Ratio compare to AXTI and VECO?
According to the Semiconductors industry distribution chart, IPG Photonics ranks #370 out of 732 companies for Cyclically Adjusted PS Ratio. This places IPG Photonics in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.53. IPG Photonics' value of 3.55 is 0.7% above this benchmark. Historically, IPG Photonics' own Cyclically Adjusted PS Ratio has ranged from 1.82 to 20.16 over the past decade. While the company's 10-year median is 7.61 vs. the industry median of 3.53, IPG Photonics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.53, based on 732 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPG Photonics's current Cyclically Adjusted PS Ratio of 3.55 is 0.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on IPG Photonics and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPG Photonics's current Cyclically Adjusted PS Ratio is 3.55, which is 53% below median its own 10-year median of 7.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPG Photonics stock overvalued right now?
Based on GuruFocus' analysis, IPG Photonics (IPGP) is currently considered Modestly Overvalued. The stock's GF Value™ is $85.12, compared to a current price of $105.26 — trading 23.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.55, which is 53% below median its 10-year median of 7.61 and 0.7% above the Semiconductors industry median of 3.53. IPG Photonics' overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For IPG Photonics (IPGP), the current Cyclically Adjusted PS Ratio is 3.55 as of Jul. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IPG Photonics (IPGP) Overvalued in 2026?
Based on GuruFocus' analysis, IPG Photonics stock appears to be overvalued.
The current stock price of $105.26 is trading 23.7% above its estimated GF Value™ of $85.12.
GuruFocus considers IPG Photonics to be Modestly Overvalued.
Key valuation signals for IPGP:
Cyclically Adjusted PS Ratio: 3.55 (53% below median its 10-year median of 7.61)
GF Value™: $85.12 vs. price of $105.26 (23.7% above fair value)
Industry Position: 0.7% above the Semiconductors median (#370 of 732)
No single metric tells the full story. See the IPGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, laser and non-laser systems, fiber amplifiers, diode lasers, and related optical components. Its products are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. The company sells its products globally to original equipment manufacturers (OEMs), system integrators, and end users. Additionally, it manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, and chillers. Geographically, the company generates maximum revenue from North America, followed by China, Japan, Germany, and other markets.
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